Recent Closings

Scenario:

CPA Practice Debt Refinance & Real Estate Acquisition

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Independent Insurance Agency & Real Estate Acquisition

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$250K Accounting Practice Working Capital Loan

Scenario:

A successful Insurance Agency Owner was looking to purchase a second location. He already had financing fall through and became frustrated with the process. That's when he decided to contact 1st Commercial Lending and see if there were any financing options he has not yet explored.

Due to the fact that the 1st Location was a captive agency, the owner was having a difficult time getting an SBA loan. He was told that this was his only way to purchase a second agency. He decided to contact 1st Commercial lending anyway.

To his surprise, 1st Commercial got him approved for a Conventional loan at a much better rate then the SBA loan he was denied from. On top of that he was also able to get additional working capital for marketing and transitional purposes.

100% Conventional Insurance Agency 2nd location Financing Structured to include working capital for marketing & future growth.

Scenario:

A successful Insurance Agency owner was looking to purchase a second location approximately 5 miles away from his current location. His plan was to purchase the agency and move over their book of business within 90 days of closing. He would keep the one key employee and transitioning her to his current location. He decided to contact 1st Commercial Lending when he heard about our financing options.

The owner already had one thriving agency, which he owned for almost 20 years. The Agency was in his family for over 50 years and this was an important step to keep the growth process continuing. He only had a line-of-credit on his current agency and it made sense to include it in the loan.

1st Commercial lending was able to structure a 100% Financing loan with no pre-payment penalty at an attractive interest rate. The interest rate was locked in for the first 5 years and then will reset one time only for the remaining 5 years.

SBA 7(a) Insurance Agency 2nd location/book-of-business financing structured to include consolidation of his 1st Agency line-of-credit as well.

Scenario:

A successful Insurance Agency owner was looking to purchase a second location approximately 40 miles away from his current location. He already had financing fall through one time and became frustrated with the process. He decided to contact 1st Commercial Lending when he heard about our financing options.

The owner already had one thriving agency, which he purchased 8 years ago. He had two years left on his current loan, which was at a high interest rate. He was now looking to expand by acquiring a second location.

1st Commercial lending was able to structure a 100% Financing loan with no pre-payment penalty at an attractive interest rate. The loan on the first Agency was paid off and included in the financing. His new loan payment for both Agencies was not much higher then his original loan for just one Agency.

SBA 7(a) Insurance Agency 2nd location Financing Structured to include consolidation of his 1st Agency loan along with $15K in working capital for marketing & future growth.

Scenario:

Land Purchase & Ground-up Real Estate Construction plus FF&E. The bank financed 90% of the "complete value" of the real estate and financed one year of loan payments into the loan, so no payment were required during the construction phrase.

Scenario:

Purchase of real estate and FF&E; construction. Unique features: startup facility; 10% cash injection; rural location; owner/builder.

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Purchase of Business, Land and Buildings

Scenario:

Ground Up Real Estate Construction

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2nd Location Business Acquisition And Debt Consolidation

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Scenario:A successful Insurance Agency owner was looking to purchase a second location about 50 miles away from her current location. She contacted 1st Commercial Lending when she heard about our financing options.

The owner already had one thriving agency, which she purchased 7 years ago. She had just paid off her loan and was now looking to expand by acquiring a second location. She was having difficulties finding a competitive loan and the one offer she did receive had a high interest rate.

1st Commercial lending was able to structure a 100% Financing loan with no pre-payment penalty at an attractive interest rate. In this case it was important to the borrower that she could pay-off additional principal with out being subject to any penalties.

Scenario:

An experienced hotel owner was looking to relocate and purchase a flagged economy class hotel that had recently (past 3 years) been bought out of foreclosure and turned around.

Although the hotel was lacking consistent historical financials, we saw the value in the upward trend and future potential.

Loan Proposal issued for 80% Loan To Value with $60K in working capital and covered closing costs. 5/3/1 3-Year Pre-Pay allows borrower flexibility moving forward.

Scenario:

Scenario: A successful insurance agency owner was looking to refinance his current business loan due to the high interest rate. He had purchased the Agency in 2012. The business was very successful but he was looking for ways to increase cash flow.

The owner approached 1st Commercial Lending to consolidate his current loan and a seller note that the he had with the previous owner. Both of his loans had high rates and he wanted to pay off the seller note in full. 1st Commercial lending was able to structure a loan to consolidate both loans along with additional working capital the owner had requested for future marketing. The new monthly payments were over $2,000 less then his current payments.

SBA 7(a) Insurance Agency Financing Structured with $25K in working capital for marketing & future growth.

Scenario:

Scenario: An owner of an Assisted Living Facility was in need of s loan to consolidate his current debt as a balloon payment was coming due in 3 months. The owner was also looking for an additional $100K for facility upgrades.

The owner approached 1st Commercial lending to find out about our financing options. The most important thing was that we would need to move as fast as possible as the balloon payment was coming due in 90 days.

1st Commercial lending was able to structure a loan with an attractive interest rate and the deal would be able to close in less then 60 days from the date the proposal was issued.

SBA 7(a) Assisted Living Facility Financing Structured with additional capital for facility upgrades.

Scenario:

Scenario: An employee at a successful Insurance Agency was looking to purchase the business from the owner who was getting ready to retire. The employee was having an issue finding financing because of a previous credit issues he had in the past.

The buyer approached 1st Commercial Lending figuring that we would not be able to help him since he was already denied from a different institution. At 1st Commercial we found out the details of the past credit issues and noticed that the buyer has restored his credit. We believed the buyer would make a great owner since he already worked at the business for 3 years and had relationships with many of the clients.

1st Commercial lending was able to structure a loan to purchase the agency along with $50K working capital

Scenario:

Scenario: Two Partners were looking to purchase an Assisted Living Facility. One of the partners would manage the facility. They contacted 1st Commercial Lending after finding us online.

These two partners had a great opportunity to purchase a very successful facility with 68 beds and an occupancy rate of over 90%. The one issue was that the two story building needed a new roof. 1st Commercial Lending was able to structure a loan that included enough capital to cover the estimates that the seller had on the roof.

SBA 7(a) Assisted Living Facility Financing Structured with additional capital for the repair of the roof.

Loan Proposal Issued: 7/24/2014

Scenario:

An owner of a 52,120 SF Multi-Tenant Office Building with 84% occupancy was looking to refinance his current loan to secure current market low interest rates.

Conventional Loan Proposal Issued:

Financing structured to refinance the current loan.

Scenario:

A successful Orlando-based distribution company owner needed to expand from a 5,000 sf facility to at a 15,000 sf facility. He approached 1st Commercial looking for conventional financing after being presented with only SBA Options from his local lending institutions.

85% LTV Conventional Loan Proposal Issued:

Financing structured to acquire the building and build-out a refrigeration cooler with 15% capital injection.

Scenario:

Short Sale Purchase of Ramada Inn in Ocala, FL. The hotel was bought at the height of the market in 2006 for ~$4.5MM.

Money was put into renovations. This large debt load coupled with the economic downturn led to the poor financials and negative cash flows.

Scenario:

9630 SF Retail/Strip Center

Conventional Loan Proposal Issued:

Financing structured to refinance current debt at lower interest rate & re-amortize the loan over 25-Years.

Scenario:

6700 SF Retail/Strip Center

Conventional Loan Proposal Issued:

Financing structured to refinance current debt at lower interest rate & re-amortize the loan over 25-Years.

Scenario:

60,000 SF Assisted Living Facility looking to recapture some of the equity built-up in the real estate.

Conventional Loan Proposal Issued:

Financing structured to take out current debt and cash out $2 Million to principals.